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Notes to the Consolidated Financial Statements31 December 2024182ADVANCING AHEAD13.PROPERTY, PLANT AND EQUIPMENT (continued)MotorvehiclesMachineryLeaseholdimprovementsConstructionin progressOthersTotalUS$%u2019000US$%u2019000US$%u2019000US$%u2019000US$%u2019000US$%u201900031 December 2023At 1 January 2023:Cost1,11034,7314,2494,79120,46765,348Accumulated depreciation(482)(5,856)(2,241)%u2013(12,947)(21,526)Net carrying amount62828,8752,0084,7917,52043,822At 1 January 2023, net of accumulated depreciation62828,8752,0084,7917,52043,822Additions3,65715211,0241,83716,670Acquisition of subsidiaries129129Disposals(234)(234)Disposal of subsidiaries(3)(3)Depreciation provided during the year(161)(1,934)(1,153)(3,102)(6,350)Reclassification87(87)Transfer from construction in progress%u20135,6971,842(7,539)%u2013%u2013Exchange realignment1(2,276)(44)(94)(85)(2,498)At 31 December 2023, net of accumulated depreciation46834,0192,8058,2695,97551,536At 31 December 2023:Cost1,08141,3476,1828,26921,12478,003Accumulated depreciation(613)(7,328)(3,377)(15,149)(26,467)Net carrying amount46834,0192,8058,2695,97551,536At 31 December 2024, certain of the Group%u2019s property, plant and equipment with a carrying amount of US$35,849,000 (2023: US$32,162,000) were pledged to secure certain bank and other borrowings of the Group as disclosed in note 25.